Analysis: BlackRock's IBIT Options May Expand the Coverage and Functionality of BTC-Related Financial Products

Odaily Planet Daily reported that regarding the rapid increase in trading volume after the launch of BlackRock's IBIT options, Robert Mitchnick, the head of digital assets at BlackRock, stated during a meeting yesterday: "Things are happening too quickly; we (BlackRock) have a lot of work to do to enrich investor opportunities and absorb existing resources." Analysis indicates that the derivatives market for traditional assets can typically grow up to 20 times the market value of the underlying assets. If Bitcoin derivatives follow a similar trajectory, the launch of IBIT options could greatly expand the range and functionality of financial products related to Bitcoin. (benzinga)